{"data":{"id":"us-ok/okla.-stat.-tit.-58-58-581","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 58, § 58-581","heading":"Investment of funds","body":"A. Pending the settlement of any estate on the petition of the\n\npersonal representative or any heir, legatee or devisee of the\n\ndecedent, the court may order any money in the hands of the personal\n\nrepresentative to be invested for the benefit of the estate, in\n\nUnited States Government obligations, in the form of securities of,\n\nor other interests in, any open-end or closed-end management type\n\ninvestment company or investment trust registered under the\n\nInvestment Company Act of 1940; provided, that the portfolio of such\n\ninvestment company or investment trust is limited to United States\n\nGovernment obligations and to repurchase agreements fully\n\ncollateralized by such United States Government obligations, and\n\nprovided further, that any such investment company or investment\n\ntrust shall take delivery of such collateral, either directly or\n\nthrough an authorized custodian. Such order can only be made after\n\nsuch notice of the petition to the heirs, legatees, devisees, or\n\npersonal representative as the court may direct.\n\nB. Pending the settlement of any estate, the personal\n\nrepresentative, unless expressly provided to the contrary in the\n\nwill of the decedent, may invest estate funds in United States\n\ngovernment obligations directly and in accounts fully insured by the\n\nUnited States government, without any order of the court.","path":["OK Code","Title 58"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os58.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"c29f164254c782108f0f1daf3b876d3bc85e2be8013f72ca41a708c9910ae5b7","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-58-58-557","next":"us-ok/okla.-stat.-tit.-58-58-591"},"notice":"GroundRules: Original legal text. Not legal advice."}